Bank of Scotland reveals rise in demand and pay for contractors north of the border
The latest Bank of Scotland Report on Jobs has revealed great news for contractor based north of the border.
July’s report found that contractors are in high demand, with the degree to which temporary job openings increased being the most marked for seven years.
Temporary/ contractor candidate numbers in Scotland decreased at a faster rate than one month previously – the sharpest since December 2004, however, this could very well contribute to the fact that contractor rates of pay are continuing to rise, with the rate of growth quickening in July to the fastest since March.
With regards to regional analysis, all four regions also posted higher temporary billings, with Aberdeen recording the sharpest overall increase for the second month running. The most marked drop in temp candidate supply was in Aberdeen.
Glasgow saw the joint-fastest rise in temp hourly rates together with Dundee.
July’s increase in temp staff demand was broad-based by sector. However, growth rates did vary, with the best performer being the nursing/medical/care sector, followed by engineering & construction.
Donald MacRae, Chief Economist at Bank of Scotland, commented on the findings, “July’s Barometer provided further proof of the continuing recovery.
“Demand for both permanent and temporary staff was expressed by a surge in vacancies accompanied by a drop in the number of candidates available.
“These trends should lead to further gains in employment and eventually to an increase in overall earnings growth. The Scottish economy continues to recover strongly.”
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